ESMA_QA_1932
Topic
Other SSR-related topics
10/10/2012
Subject Matter
Net short positions - Simultaneous crossing of threhsolds at group and legal entities levels
Question
In the case of a group,
a) What if the group and the legal entity within the group cross different thresholds, or they cross the same threshold in different directions?
b) If the legal entity within the group exceeds the 0.5% threshold and, at the same time, the group exceeds the 0.2% threshold, would the legal entity within the group still have reporting/disclosing obligation?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
ESMA_QA_1931
Topic
Other SSR-related topics
10/10/2012
Subject Matter
Net short positions - Net short positions arising from non-management activities and calculation at group level
Question
In a group constituted of several legal entities, including management entities, should the short positions of the management entities arising from their ‘non-management activities’ be aggregated with those of the legal entities not performing management activities as part of the ‘group position’ for reporting, or should they be reported separately?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
ESMA_QA_1921
Topic
Determination of net short position
10/10/2012
Subject Matter
Change in the duration of the position held and notification requirements
Question
If I reach or cross a notification threshold just because the duration of my position increased or decreased, without having taken any investment decision and without changes in the nominal position, should I update my notification to the competent authority?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
ESMA_QA_1920
Topic
Determination of net short position
10/10/2012
Subject Matter
Calculation of the amount of outstanding debt on a duration adjusted basis
Question
How will ESMA calculate the amount of outstanding sovereign debt of sovereign issuers on a duration adjusted basis?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
ESMA_QA_1919
Topic
Determination of net short position
10/10/2012
Subject Matter
Calculation of the duration-adjusted net short position
Question
How should an investor calculate the duration-adjusted net short positions on sovereign debt?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012